Solved

The Holders of ZZZ Corporation's Bonds with a Face Value

Question 40

Multiple Choice

The holders of ZZZ Corporation's bonds with a face value of $1,000 can exchange that bond for 35 shares of stock.The stock is selling for $25.00.What is the conversion price?


A) $35.00
B) $7.70
C) $28.57
D) $975

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